Browse > Article
http://dx.doi.org/10.13106/jafeb.2021.vol8.no6.0447

The Impact of the Working Environment and Welfare on Human Resources Maintenance: An Empirical Study in Vietnam  

KHANH, Vo Thi Van (Department of Business Administration, Academy of Finance)
Publication Information
The Journal of Asian Finance, Economics and Business / v.8, no.6, 2021 , pp. 447-453 More about this Journal
Abstract
Human resources play a key role in developing and enhancing the manner in which an organization change. In fact, the role of human resource-related quality management has contributed greatly to the growth of the organization in both the short and long term. The purpose of the current study is to identify factors that influence human resource retention in Hanoi in the backdrop of growing economic performance of Hanoi in Vietnam's economy. Primary data was collected through questionnaires of 280 respondents from the four districts in Hanoi, including 25.2% of respondents working in Cau Giay district, 21.2% in Dong Da district, 34.2% in Ha Dong district, and 19.4% in Thanh Xuan district. After applying Cronbach's Alpha and Explore Factor Analysis (EFA) analysis, Durbin-Watson test, empirical results demonstrate that relationship among co-workers has a significant and positive contribution on the maintenance of human resources in the organization. Additionally, higher welfare facilities for an employee are more likely to impact the maintenance of human resources in the organization. Factors such as working environment, job placement, and leadership relationship have no adverse effect on the maintenance of human resources, although a positive impact could be established in all cases.
Keywords
Human Resources; Maintenance; Human Resources Management; Vietnam;
Citations & Related Records
연도 인용수 순위
  • Reference
1 Cowin, L. S., Johnson, M., Craven, R. G., & Marsh, H. W. (2008). Causal modeling of self-concept, job satisfaction, and retention of nurses. International Journal of Nursing Studies, 45(10), 1449-1459. https://doi.org/10.1016/j.ijnurstu.2007.10.009   DOI
2 Dao, L. K. O., Loc, H. H., Hang, L. T. T., & Do, T. T. (2021). Factors affecting the choice of Banks: Do bank's interest rate, employee image and brand matter? The Journal of Asian Finance, Economics and Business, 8(1), 457-470. https://doi.org/10.13106/JAFEB.2021.VOL8.NO1.457   DOI
3 Decenzo, D. A. & Robbins, S. P. (1988). Personnel/Human Resource Management (3rd ed.). Upper Saddle River, NJ: Prentice-Hall.
4 Degbey, W. Y., Rodges, P., Kromah, M. D., & Weber, Y. (2020). The impact of psychological ownership on employee retention in mergers and acquisitions. Human Resource Management Review. Retrieved from https://doi.org/10.1016/j.hrmr.2020.100745   DOI
5 Efthymiou, M., Usher, D., O'Connell, J. F., Warnock-Smith, D., & Conynhham, G. (2021). The factors influencing entry level airline pilot retention: An empirical study of Ryanair. Journal of Air Transport Management, 91, 101997. https://doi.org/10.1016/j.jairtraman.2020.101997   DOI
6 Fahim, M. G. A. (2018). Strategic human resource management and public employee retention. Review of Economics and Political Science, 3(2), 20-39. https://doi.org/10.1108/REPS-07-2018-002   DOI
7 Hair Jr., J. F., Anderson, R. E., Tatham, R. L., & Black, W. C. (1998). Multivariate data analysis with readings. Upper Saddle river, NJ: Prentice-Hall.
8 Howard, J. A., & Sheth, J. N. (1969). The theory of buyer behavior. Hoboken, NJ: Wiley. https://www.worldcat.org/title/theory-of-buyer-behavior/oclc/33508
9 Nguyen, D. D., & Nguyen, C. V. (2020). The Impact of Operating Cash Flow in Decision-Making of Individual Investors in Vietnam's Stock Market. The Journal of Asian Finance, Economics and Business, 7(5), 19-29. https://doi.org/10.13106/JAFEB.2020.VOL7.NO5.019   DOI
10 Neog, B. B., & Barua, M. (2014). Factors influencing employee's job satisfaction: An empirical study among employees of automobile service workshops in Assam. The SIJ Transactions on Industrial, Financial & Business Management, 2(7), 305 - 316.
11 Nguyen, M. P. (2021). Economic prospects of Hanoi in 2021. Nhan Dan. Retrieved from https://nhandan.com.vn/nhan-dinh/trien-vong-kinh-te-ha-noi-nam-2021-636304/
12 Nguyen, V. C., & Nguyen, T. N. L. (2020). Financial security of Vietnamese businesses and its influencing factors. The Journal of Asian Finance, Economics and Business, 7(2), 75-87. https://doi.org/10.13106/JAFEB.2020.VOL7.NO2.75   DOI
13 Shair, F., Shaorong, S., Kamran, H. W., Hussain, M. S., Nawaz, M. A. (2021) Assessing the efficiency and total factor productivity growth of the banking industry: do environmental concerns matters? Environmental Science Pollution Research. https://doi.org/10.1007/s11356-020-11938-y   DOI
14 Alker, L. & McHugh, D. (2000). Human resource maintenance? - Organizational rationales for the introduction of employee assistance programmes. Journal of Managerial Psychology, 15(4), 303-323. https://doi.org/10.1108/02683940010330975   DOI
15 Ajzen, I. (1991). The Theory of Planned Behavior TPB. Organizational Behavior and Human Decision Processes, 50(2), 179-211. https://doi.org/10.1016/0749-5978(91)90020-T   DOI
16 Ajzen, I., & Fishbein, M. (1980). Understanding attitudes and predicting social behavior. Upper Saddle River, NJ: Prentice-Hall.
17 Abbas, S., Yanfu, Z. Y. (2020). The Impact of China Exchange Rate Policy on its Trading Partners: Evidence Based on the GVAR Model. The Journal of Asian Finance, Economics and Business, 7(8), 131-141. https://doi.org/10.13106/JAFEB.2020.VOL7.NO8.131   DOI
18 Antwi, J. & Phillips, D. C. (2013). Wages and health worker retention: Evidence from public sector wage reforms in Ghana. Journal of Development Economics, 102, 101-115. https://doi.org/10.1016/j.jdeveco.2012.10.004   DOI
19 Ao, H. T., & Nguyen, C. V. (2020). The reaction of Vietnam's generation Z to online TV advertising. The Journal of Asian Finance, Economics and Business, 7(5), 177-184. https://doi.org/10.13106/JAFEB.2020.VOL7.NO5.177   DOI
20 Kanunakaran, C. S., Babu, J. A., Sheriff, J. K., Vishnupriya, B., & Kumar, S. M. (2021). Overview on the effect of aircraft maintenance human factor training in Indian MRO profitability and safety. Materials today: Proceedings. Retrieved from https://doi.org/10.1016/j.matpr.2020.12.798   DOI
21 McKeown, J. L. 2002. Retaining Top Employees. New York, NY: McGraw-Hill.
22 Tran, V. D & Vu, Q. H. (2019). Inspecting the relationship among E-service quality, E-trust, E-customer satisfaction and behavioral intentions of online shopping customers. Global Business & Finance Review, 24 (3), 29-42. https://doi.org/10.17549/gbfr.2019.24.3.29   DOI
23 Ministry of Planning and Investment (2020). Registering business in Dec and 2020. Retrieved from https://dangkykinhdoanh.gov.vn/vn/tin-tuc/597/5274/tinh-hinh-dang-ky-doanh-nghiep-thang-12-va-nam-2020-.aspxb
24 Delores, M. C. (2020). Home health nursing job satisfaction and retention: Meeting the growing need for home health nurses. Nursing Clinics of North America, 55(1), 121-132. https://doi.org/10.1016/j.cnur.2019.11.002   DOI
25 Embuhira, M.E.E. (2011). Strategic human resource management practices that influence the retention of core employees at Becton Dickinson Kenya Limited. [Master's thesis]. School of Business, University of Nairobi. http://erepository.uonbi.ac.ke/bitstream/handle/11295/12896/Mkungo_Human%20resource%20management%20practices.pdf?sequence=3
26 Chew, J., Girardi, A., & Entrekin, L. (2005). Retaining core staff: The impact of human resource practices on organizational commitment. Journal of Comparative International Management, 8(22), 23-42.
27 Albanese, A. & Cockx, B. (2019). Permanent wage cost subsidies for older workers. An effective tool for employment retention and postponing early retirement? Labour Economics, 58, 145-166. https://doi.org/10.1016/j.labeco.2018.01.005   DOI
28 Parmenter, J. and Barnes, R. (2021). Factors supporting indigenous employee retention in the Australian mining industry: A case study of the Pilbara region. The Extractive Industries and Society, 8(1), 423-433. https://doi.org/10.1016/j.exis.2020.11.009   DOI
29 Bangwal, D. & Tiwari, P. (2019). Workplace environment, employee satisfaction and intent to stay. International Journal of Contemporary Hospitality Management, 31(1), 268-284. https://doi.org/10.1108/IJCHM-04-2017-0230   DOI